PI Ratings

As a part of compliance requirement of Bangladesh Bank, CRISL has released the ratings of the following banks, non-life insurance companies, pharmaceuticals & cement sector companies on the basis of the Public Information (PI) as published by the companies in its Annual Report, Annual financial statements upto December 31, 2014 and other available published information.

The above mentioned ratings lack some relevant quantitative as well as qualitative information which might have impact on the ratings.

CRISL released following PI ratings


Sector Name PI Rating 2014
Bank Name of the Bank Long term Short term
State-owned Commercial Bank
Sonali Bank Limited (PI) BBB (PI) ST3
Rupali Bank Limited (PI) BBB+ (PI) ST3
Janata Bank Limited (PI) BBB (PI) ST-3
Agrani Bank Limited (PI) BBB (PI) ST-3
Foreign Commercial Bank
National Bank of Pakistan (PI) B (PI) ST-5
State Bank of India (PI) A+ (PI) ST-3
Private Commercial Bank
Uttara Bank Limited (PI) A (PI) ST-2
Dhaka Bank Limited (PI) A+ (PI) ST2
United Commercial Bank Limited (PI) A+ (PI) ST2
BRAC Bank Limited (PI) A+ (PI) ST2
Dutch Bangla Bank Limited (PI) AA (PI) ST1
Pubali Bank Limited (PI) A+ (PI) ST2
IFIC Bank Limited (PI) A+ (PI) ST2
The City Bank Limited (PI) A+ ( PI)ST3
NCC Bank Limited (PI) A+ (PI) ST2
Standard Bank Limited (PI) A+ (PI) ST2
One Bank Limited (PI) A+ (PI) ST2
The Premier Bank Limited (PI) A- (PI) ST3
Jamuna Bank Limited (PI) A+ (PI) ST2
AB Bank Limited (PI) A+ (PI) ST2
Shahjalal Islami Bank Limited (PI) A (PI) ST-2
First Security Islami Bank Limited ( PI)A- (PI) ST-3
Social Islami Bank Limited (PI) A+ (PI) ST2


Sector Name Name of the Company   Claim Paying Ability (CPA) Rating
Non-life Insurance Agrani Insurance Company Ltd. (PI) A-
Asia Pacific Gen Insurance Co. Ltd. (PI) A-
Bangladesh General Insurance Co. Ltd. (PI) A
Eastern Insurance Company Ltd. (PI) A
Global Insurance Ltd. (PI) BBB+
Green Delta Insurance Co. Ltd. (PI) AA
Islami Insurance Bangladesh Ltd. (PI) BBB+
Janata Insurance Company Ltd. (PI) BBB
Karnaphuli Insurance Company Ltd. (PI) A
Mercantile Insurance Company Ltd. (PI) A
Northern General Insurance Company Ltd. (PI) BBB+
Pragati Insurance Ltd. (PI) A+
Pramount Insurance Company Ltd. (PI) BBB+
Provati Insurance Company Ltd. (PI) BBB+
Republic Insurance Company Ltd. (PI) BBB+
Sonar Bangla Insurance Company Ltd. (PI) A-
Standard Insurance Ltd. (PI) BBB+


Sector Name Name of the Company

PI Rating

Long Term Short Term

Renata Limited

(PI) AA (PI) ST-2
The Ibn Sina Pharmaceutical Industry Ltd. (PI) A- (PI) ST-3
GlaxoSmithKline Bangladesh Limited (PI) A+ (PI) ST-3






M.I. Cement Factory Limited

(PI) A+

(PI) ST-3

HeidelbergCement Bangladesh Limited (PI) AA- (PI) ST-2
Lafarge Surma Cement Limited (PI) AA- (PI) ST-2